USD: Weaker as conflict risk eases – MUFG

MUFG’s Senior Currency Analyst Lee Hardman notes the US Dollar remains under pressure after a sharp sell-off linked to de-escalation in the Middle East. The Dollar index again failed to clear 100.00 and retreated toward 98.88.
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WTI Price Forecast: Holds key 20-day EMA amid Middle East conflicts

West Texas Intermediate (WTI), futures on NYMEX, is up 2% to near $90.00 during the European trading session on Tuesday. The oil price holds early gains, driven by Iran’s refusal to be involved in any direct talks with the United States (US) regarding the end of conflicts in the Middle East.
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